Pakistan exports rise in November

Pakistan's cement industry received foreign exchange revenue of US$26.77m by exporting 635,192t of cement during November 2018, compared to US$26.74m and 616,648t in the previous month. This shows minor MoM growth of 0.1 per cent and three per cent in terms of value and quantity, respectively, according to the Federal Bureau of Statistics.

However, if compared to November 2017, it translates to an increase of 48.4 per cent in earnings of foreign currency and 74.8 per cent YoY in quantity.

In the first five months of July-Nov 2018, export revenue rose 26 per cent to US$131.12m, with Pakistan exporting 3.03Mt of cement, compared to US$104.04m from 2.06Mt in the year-ago period.

The breakdown of exports, according to All Pakistan Cement Manufacturers Association (APCMA), shows that export dispatches to Afghanistan and India continued to decline in the 5MFY18-19. Afghanistan exports fell by 25.1 per cent to 808,045t, and India was down 7.5 per cent to 424,657t. Meanwhile, Pakistan’s northern region observed a fall of 21 per cent in exports, whereas the southern region recorded an advancement of over 236 per cent.